NGX Group’s substantial investor reduces stake, as firm increases revenue by 10%

Miri Strategic Emerging Markets Fund LP has reduced its stake in the Nigerian Exchange Group (NGX Group), where it holds a substantial stake.

The substantial investor sold off 1.48 million shares in NGX Group, which translates to Miri Strategic withdrawing N38.61 million worth of investment in NGX Group.

It was learnt that the sale of the shares was conducted on March 3, 2023, a corporate document dated March 7, and obtained by Ripples Nigeria on Wednesday disclosed.